Archives for recapitalisation

In anticipation of tomorrow’s eurozone finance ministers meeting (which will discuss finalising the Cypriot bailout and potentially extending the bailout loans given to Portugal and Ireland) Open Europe has published a new briefing looking at who might…

Those who followed our analysis of the Greek bond buybackwill remember that we warned at length that it could have some adverse effects, one of which would be to hit bank liquidity at a time when Greek banks could least afford it. In the end Greek ban…

As we noted in this morning’s press summary, there have been some interesting developments with regards to the Greek banking sector. Kathimerini reported that, according to unnamed bank officials, the bank recapitalisation may now need to be larger t…

Here is the full report (and the bank-by-bank results) from the latest Spanish bank stress test exercise. Below we provide the key points and our initial thoughts on them. The tests put the total capital needs of Spanish banks at €59.3bn, but Spanis…

Reuters MacroScope blog covers some of our updated figures on the exposure of the ECB to the struggling peripheral countries. Following the ECB’s Long Term Refinancing Operations (LTRO) the ECB’s exposure to these countries has increased significan…

We’ve got a piece over in City AM today looking at the reasons behind the increased financial market jitters over the state of the Spanish economy. Despite the usual EU protestations that Spanish fundamentals are sound, there are definite areas of conc…

The Bank of England today released their latest Financial Stability Report, with governor Mervyn King making some interesting comments about the on-going eurozone crisis, saying:”Sovereign and banking sector strains in some vulnerable euro-area economi…